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In 2017, Dom sold 200 shrubs . In 2018, Dom purchased three more batches of shrubs at the following total cost per batch below .
In 2017, Dom sold 200 shrubs . In 2018, Dom purchased three more batches of shrubs at the following total cost per batch below . Throughout 2018 , he also sold 50 shrubs : Shrubs Purchase Date* Total Cost 100 Early spring* $ 2 , 400 125 Summer $ 2, 500 100 Fall $ 2 , 600 a. ( 10 points ) What cost of goods sold and ending inventory would Dom record if he elects to use the LIFO method in 2017 ? b. ( 10 points ) What will be his cost of goods sold and ending inventory in 2018 under* the LIFO method ? C. ( 10 points ) How would you answer ( a ) change if Dom had initially selected the first - in , first - out ( FIFO ) method instead of LIFO ? d. ( 10 points ) How would you answer ( b ) change if Dom had initially selected the first- in , first- out ( FIFO ) method instead of LIFO
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